2018 Michigan Compiled Laws
Chapter 554 - Real and Personal Property
Act 418 of 1988 UNIFORM STATUTORY RULE AGAINST PERPETUITIES (554.71 - 554.78)
AN ACT to adopt the uniform statutory rule against perpetuities.
History: 1988, Act 418, Imd. Eff. Dec. 27, 1988
- Section 554.71 Short title.
- Section 554.72 Nonvested property interest; general power of appointment, nongeneral power of appointment, or general testamentary power of appointment; validity; language measuring time period from creation of trust or other property arrangement.
- Section 554.73 Nonvested property interest or power of appointment; time of creation.
- Section 554.74 Reforming disposition; petition.
- Section 554.75 Applicability of MCL 554.72; "second power" defined.
- Section 554.76 Nonvested property interest or power of appointment to which act applicable; violation of rule against perpetuities; reforming disposition.
- Section 554.77 Application and construction of act.
- Section 554.78 Conditional effective date.
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